8 years ago I met a retired Indian gentleman now living in Australia who said when he was very young the family lost everything during partition. They were once middle class with their large house and farmlands in the Punjab but became destitute and his father died early due to stress. His mother kept the family together and had to work 3 jobs to feed her 6 kids. She said to all her children always live on 80% of what you bring in and save the rest. The children did well, he studied hard and became an engineer and retired a millionaire.
@ritag.19292 жыл бұрын
Being in my 50's also, I initially thought FIRE was a Millenial thing. Glad to see I was wrong! You guys are so inspirational. I retired 3 months ago & plan to live overseas half the year & the other half in California.
@2GoRoam2 жыл бұрын
Hey Rita! Thanks for getting in touch, that is excellent news and seems a really good balance. Hope our advice will be able to help. Best regards, Neil & Sarah
@pensionandapassport Жыл бұрын
Awesome sauce. I love it. I grew up in the pismo beach area. Hope it all works out. live your dream.
@cddc93102 жыл бұрын
I retired 17+ years ago, when I was 50. Moved to Costa Rica for a few years then to Thailand, both countries really help to allow me to live a very comfortable lifestyle.
@synewparadigm2 жыл бұрын
Where do you prefer to live?
@cddc93102 жыл бұрын
@@synewparadigm I prefer Thailand. Much less personal crime in Thailand. Thais who aren't government employees are very honorable people compared to South American citizens.
@synewparadigm2 жыл бұрын
@@cddc9310 I heard that Thailand is getting expensive for Expat. Am I correct?
@cddc93102 жыл бұрын
@@synewparadigm Not yet, except for fuel. The requirements for retirement or long stay is something you should look up. Currently the exchange rate very favorable for USD.
@synewparadigm2 жыл бұрын
@@cddc9310 I was looking to maybe retire in Ecuador but the Sinola cartels are lately moving there and I have to re evaluate the place of retirement. I will sharing half of the year in the US and Thailand is maybe the answer.
@mrog54812 жыл бұрын
Really makes me happy seeing you two living your best life. I know many doing something similar and frankly I'm on the verge of trying this out myself. Worried that I might need more saved up, but I imagine it never feels like you have enough and at a certain point you just have to take the plunge, so to speak.
@judithgrace98502 жыл бұрын
I was 20. When I started to travel. Until 79.
@judithgrace98502 жыл бұрын
Invest in helping none beggars help themselves.
@kirkleadbetter10933 ай бұрын
You guys have been missed. Glad you're back.
@Simon-je7ko6 ай бұрын
What pushed me to watch your video. Was that I was at work this week and I was just full of it. Not that I don't like it. It's just that I want to be able to do something else. So I am trying to understand when I can retire. I can't complain much. I do pretty much what I want when I want to and how I want to during the day. I am just not sure if I can retire. But I used to work seven days at two jobs. I only work four days and just one job. I am not even fifty.
@mjbalmmac15882 жыл бұрын
Great inspiration that it’s achievable and love how you share your journey. The goals are so important
@2GoRoam2 жыл бұрын
Thank you so much! Appreciate it.
@paulmckearney49456 ай бұрын
Ive been semi retired for nearly five years now, since I was 55. Im retired in the summer (April to October in UK) and semi in the winter (Nov to March). Nearly April again!
@SJRPhotographics2 жыл бұрын
I liked how you cut it up into 12 chunks, I had done it into smaller 1/4s but making them smaller again would make it more achievable. It would gives you a greater sense of progress. I can see the greater goal but this will help keep my wife on board
@theacase87382 жыл бұрын
As always, enjoyed your chat and adventure.
@chelseabanana22512 жыл бұрын
We have been savings for 7 years now, and it looked like we were nearly there and would reach our goal by our departure next in one years time... and then the stock market started to collapse.... sigh
@GB-bu9tx2 жыл бұрын
I’m in the same boat. Hopefully it will only take a couple of years to recover.
@ariefraiser1402 жыл бұрын
The market didn't collapse. This is the normal cycle of the market. 2008 was an example of the stock market starting to collapse.
@nabilel-ghoroury2 жыл бұрын
Love the idea of breaking down your FIRE number into months. Making smaller goals is a great motivational tool for all kinds of things, like exercise and weight loss. I’ve known my FIRE number for over a year, and I just calculated that I’ve earned just under 5 months of retirement! Keep up the great videos!
@2GoRoam2 жыл бұрын
Hey Nabil! That is fantastic! We are excited that you have just tried this tool out to find out how you are doing! Jan to May is done, do you know how long til you get to June completed? Best wishes Neil & Sarah
@thebritishinvestor.10182 жыл бұрын
Hi Neil/ Sarah, did you track and keep a record of how quickly you got to each milestone? It would be interesting to see the plot of time vs months of FIRE achieved. 😁
@carolynboyd96322 жыл бұрын
Another great video! Love your style of lighthearted fun mixed with great ideas and substantive content. Also love your walking style - am living vicariously through you both at the moment. Keep going - it's really good!
@2GoRoam2 жыл бұрын
Hey Carolyn! Thank you so much, you sum up nicely what we want to do with our videos now. We really enjoy having fun and thinking of ways that we can inject humour (you might well spit out your coffee next week when you see what we do lol). Then with that we want to provide real information and to basically use our travels as the backdrop for the information rather than making the travels the star of the show. So it is lovely to hear that you are enjoying that style. Best wishes Neil & Sarah
@carolynboyd96322 жыл бұрын
@@2GoRoam yes, it all works together beautifully - can't wait for the next one!
@2GoRoam2 жыл бұрын
Thank you so much!
@outdoormatt21772 жыл бұрын
Love the videos and have watched many FIRE youtube channels, for my family the big question has always been if your saving for all that time what is your life like ie are you living your best life now or does your life revolve around saving every penny and therefore your not having the same life’s experiences. And whos to say after saving hard for all those years you will get to enjoy your savings, tomorrow is not guaranteed. For me its about balance saving but still living for today. Keep up the great content 👍
@frugalliving73 Жыл бұрын
I think you over simplified your example, honestly got lost with dividing your net worth by 12 and that's how much you need to invest? Like the average person isn't making $83,000 each month? I think if your retirement goal is $1M and you've saved $200.000 and your time horizon for your fire goal is say 20 years that would be $800,000/20= $40,000per year/12 months=means you need to save an extra $3,333.34 monthly. And if you actually saved this monthly amount in 20 years you'd probably have a lot more than $1m because of the income and growth from your investments. Also personally I like dividend stocks over mutual funds.
@drackkor725 Жыл бұрын
How does it work for credit card payments? Health Insurance? Getting a hold of your money overseas? Sadly I won't retire until my 60s but information on these would be extremely helpful. Thank you.
@geekyprojects13532 жыл бұрын
I think your "secret" sauce is not secret post covid anymore. People are motivated to quit their jobs because they hate their jobs - the great resignation as they call it. If you don't have kids or other relatives you're financially responsible for, you can retire with little money in your pocket. If your job is making you depressive or even s*icidal , quitting and living like a hobo is a sign of mental sanity.
@2GoRoam2 жыл бұрын
Hey Geeky! Thank you so much for taking the time to drop us a comment! So much logic spoken here.... thank you. Best regards, Neil & Sarah
@billyjohnson91662 жыл бұрын
I follow fire. I started after I retired.
@thebritishinvestor.10182 жыл бұрын
Another great video guys! Really enjoying the content once again. I already added your suggestion to my spreadsheet tracker 😆. As a couple we have 4.6months FIRE achieved. This does include house equity however… Looking forward to tracking it and seeing how we progress. Great idea though - breaking big goals down into smaller milestones definitely helps the motivation! 🥳
@livingworkingoutsidebox6 ай бұрын
Love it! You all are a hoot! Perfectly tied into the video and scripted. So once I save 1 million I can spend $83,333 each month for life. 😮 Right, Got it! Wait, what what what? 🔥 📃 ✂️ It seemed like such The Simple Path to Wealth 😉💪
@ollie65125 ай бұрын
Go on you guys!! 🍻🍻
@ChrisDunbar7 ай бұрын
Thanks
@2GoRoam6 ай бұрын
Thank you Chris!
@Chilenglish2 жыл бұрын
You guys are inspirational
@sbkpilot12 жыл бұрын
I wish it was that easy... FIRE is hard, my net worth was $1.26M start of the year.. now the markets in the US have crashed and I'm at 986K... all the progress I made wiped out in 4 months. I know markets can recover but that can take years, sometimes over a decade if you're unlucky... sorry to be so pessimistic
@2GoRoam2 жыл бұрын
Hey sbkpilot! Thank you so much for taking the time to drop us a comment! That is the markets and the markets will do what they always do, we know your pain as we are feeling the same. Stay the course.... Best regards, Neil & Sarah
@BigTroubleD2 жыл бұрын
Dude most people could retire with 900K+ overseas easily ._.
@ariefraiser1402 жыл бұрын
Going from $1.26M to $986k is not wiping out all the progress you made. This is nothing more than the normal cycles of the market and honestly if you can't handle it now while working you're going to have a tough time handling it in retirement. You need to figure out what your risk tolerance is and partition your portfolio based on that.
@martyb44042 жыл бұрын
@@BigTroubleD hard part is if these r in qualified accounts, 401k, IRA etc. u can’t touch without penalty until 59.5. If u r then can go now. Or if the money is not in a qualified account u can definitely go now.
@BoninBrighton6 ай бұрын
Share price doesn’t matter at all- the only thing that counts is dividend/interest income.
@debbysteggall56162 жыл бұрын
You 2 are really good at this! I laughed out loud again. (The hat turned piece.) I enjoy watching your journey as always and learning how you got to this point. Great job mastering the hike.
@2GoRoam2 жыл бұрын
Hey Debby! Ahh brilliant, we love to hear that we make people laugh as well as enjoying the info. We actually invested in some props for next Saturday's video! Hope you enjoy! Best wishes Neil & Sarah
@grahamlewis67772 жыл бұрын
That fire at the end was amazing, is it a natural feature, like gas coming out of the mountain?
@2GoRoam2 жыл бұрын
Hey Graham! Absolutely it is a natural feature. There are these little flames everywhere we saw around 10 of them. Really impressive to see with our own eyes. Thanks as ever for getting in touch. Best wishes Neil & Sarah
@TheRetirementality2 жыл бұрын
Hey! I've just watched a couple of your videos. I'm looking forward to following along on your journey. I FIREd with Real Estate but instead of Retiring Early I'm doing what I call Recreational Employment. I'm still putting a little more money in the coffers before I start traveling full time. But, right now I'm living on a Caribbean Island and making a little money and doing some KZbin videos, all at the same time so life is pretty good. New sub.
@theexoticalaspielady2 жыл бұрын
let’s be honest most of these KZbinrs are doing what you’re doing. Even the very wealthy ones seem to be working as KZbinrs because let’s be honest to retire as young as 40 years like what a few claims takes a lot of money especially if there are kids at school. Really they are just the employed who have become digital freelancers in one way or another and perhaps working on building portfolio of rental income properties.
@TheRetirementality2 жыл бұрын
@@theexoticalaspielady That's why I call it "recreational employment". I don't have to work. But if I can still earn money and do whatever I want with out a "job" I'm going pick earning money over not earning money. Work optional is the goal.
@billyjohnson91662 жыл бұрын
You talk about saving but you didn’t go into where to invest it. Like ETFs or individual dividend paying stocks. I think you did a poor job explaining. How your stock dividends compound when there reinvested. Showing a graph on an ETF where it grows at 7-10% annually and how it will get you to fire.
@DanielLee895012 жыл бұрын
In the previous video it was mentioned to purchase and read the book, “A Simple Path to Wealth” and follow its advice. I did a lot of this on my path. I saved like a madman. In my case I tried to save at least 25% of my income. I invested in the S&P 500 and growth mutual funds. I bought houses (not a good fit for me). I put into every “tax advantaged” plan I could at work. I even worked several jobs, working an average of 100 hours a week. I did calculations of how much money I was going to have the day I retired, using different figures. 2008 arrived and my account balance crashed along with the economy. We just had a big economic downturn. Mistakes, Covid, and the greed of past years caught up to the economy. With this comes opportunity. It will probably continue for a while. There will be opportunities to invest in ETFs, Mutual Funds and Bonds. Just pick the right ones. I believe that is the magic sauce. I’m retired now, with a pension and money in retirement accounts. I used to subscribe to advisory services and invest accordingly. When I was diagnosed with cancer seven years ago I turned the investment decisions over to my Vanguard advisor. It was an easy decision.
@billyjohnson91662 жыл бұрын
@@DanielLee89501 sounds like you did it right.
@jenunmaskedca Жыл бұрын
Loving these videos. Ummm, I must have missed something. How do I save $83, 000, when I only have $400 or $800 to save or invest each month? I can maybe, with $800 per month, and retire in 20 years, save up to $192, 000. Invest, yes, but I'm not understanding the $83, 000 each month.
@paulmckearney49456 ай бұрын
I had a pension pot worth $2000 in 1993. I didnt take the cash when I left the firm. Its now worth $25000. Keep investing the smaller amounts and let it compound.
@eloisepersson9396 ай бұрын
“Months” is figurative. You could use days of the week if you want to divide by 7 instead of 12.
@paulmckearney49456 ай бұрын
You don't need 83000 that's just an example.
@Lizz77112 жыл бұрын
A million dollars??? Lol okay I’ll have maybe 100K plus about $1500 per month once I’m retirement age in 5 yrs. I can live fine on that once I move to mexico. Who the hell has a million in the bank? Not regular people. Most won’t have as much as I will.
@theunlearnedmind73742 жыл бұрын
Right now, I'm covered through September 3 months to go!
@GruncleJohn2 жыл бұрын
You guys rock!
@michelleachacoso49832 жыл бұрын
You two are an adorable couple!
@radarman20112 жыл бұрын
My motivational method was to figure out how much money I needed per year, to retire. In my case, it was ~$80K per year. I then invested in Dividend Aristocrat stocks (corporate stocks that pay dividends, and have a track record to increase those dividends every year). As I accumulated those stocks, I re-invested the dividends in more stocks, and watched my total annual dividends grow until I reached my target...
@2GoRoam2 жыл бұрын
Hey Radarman! Nothing like the compounding effect and seeing how the Aristocrats can help that work for you with the level of confidence they provide. Good work man! Best wishes Neil & Sarah
@billyjohnson91662 жыл бұрын
Exactly. The video should have gone into where to invest and how your dividends compound. I’m like you investing in dividend aristocrats and many other dividend stocks. I hold about 70-75 stocks this way if a stock crashes I don’t get hurt.
@daydreamer49022 жыл бұрын
The motivational tool discussed is very strong as a way to break down the goals.
@jimmyhvy22772 жыл бұрын
you must have Millions invested .
@synewparadigm2 жыл бұрын
Inflation is currently running crazy in the US, probably over 20% in real numbers. This will force lots of people to change their plans.
@TrekkingwithMikeandDeb2 жыл бұрын
Sara, checkout you tube physical therapists Bob and Brad for your foot. I have gotten so much good information from them to help my injuries and keep me moving while traveling. Turkey looks fantastic.
@2GoRoam2 жыл бұрын
Hey Mike & Deb! Sarah watches all the Bob and Brad video, she loves them :-) Thank you for the heads up! Best wishes Neil & Sarah
@MikeOxlong12 Жыл бұрын
Hi Phil What would you say was the best hire car to rent as I'm going in May and don't want to be ripped off. Thank you
@davebannister42222 жыл бұрын
And the stock markets crashed and i lost it 40 percent over night
@synewparadigm2 жыл бұрын
This why it is so important to deversify the investments to stocks, RE, crypto.
@martinebreuer98012 жыл бұрын
Great video guys. Your motivational technique makes perfect sense, and clearly works 😃! As always I really like the mix of content relating to where you are. Thanks for sharing.
@amya1082 жыл бұрын
Best wishes to healing your foot and wellness
@2GoRoam2 жыл бұрын
Hey Amy! Thank you so much. Another twinge slowing Sarah down again yesterday but I think slowly it is improving. Best wishes Neil & Sarah
@longgowhereto Жыл бұрын
Musik too loud
@odapty2 жыл бұрын
Where ??? 🇺🇸?
@latreashduvall86362 жыл бұрын
We have a chart in our bedroom closet. So motivational to see it everyday. Keeps you focused on the retire-early prize.
@2GoRoam2 жыл бұрын
Hey Latreash! That is fantastic isn't it. Seeing something visual like that just keeps your dream in reach at all times. Good work! Best wishes Neil & Sarah
@Adventurous7242 жыл бұрын
Really enjoying the FIRE videos. Learning and entertaining with humour.
@2GoRoam2 жыл бұрын
Hey Adventurous! Thank you so much, that is literally what we try to do. Have some fun while getting quite deep into some big principles so thank you for letting us know we are on the right track. Best wishes Neil & Sarah
@comrade9162 жыл бұрын
Thanks for the motivation!! I never realized that what I have been doing is a bit like FIRE. I simply pay myself first and invest 50 percent of my gross income.. I'm getting to where I need to be.. Just three more years and I can retire with paid health benefits for the remainder of my life through my employer.. I wasn't able to retire as soon as you two, but I'm retiring far earlier than most Americans... It hasn't been an easy journey for me.. It's been quite hard, but I have always earned my money in an honest way....
@2GoRoam2 жыл бұрын
Hey Comrade! Sounds like you are doing everything the FIRE way, good on you man! With it not being an easy journey, that means that when you achieve your retirement, the feeling will be all the sweeter! Good work! Best wishes Neil & Sarah
@barbaramiller49842 жыл бұрын
One of my favorite tricks to increase your savings- Each time you get a raise at work, resist raising your expenditures. Try to put it all into your savings. You were living OK on the previous amount! Or maybe just let yourself spend a small amount of the raise as a “treat”, & bank the rest.
@2GoRoam2 жыл бұрын
Hey Barbara! That is a great technique and means that you don't fall foul of lifestyle inflation. Great to see so many people in our comments are savvy and do the right things. Good on you, this is a great way to approach the pay cheque! Best wishes Neil & Sarah
@nathanhampshire8283 Жыл бұрын
great message, although the jokes are a little cringy haha!
@chrisj63212 жыл бұрын
would be good to see your numbers. been through a couple of videos but cant find if. How much did u have invested when you thought right thats enough. Thanks
@comrade9162 жыл бұрын
BTW, Hope the foot gets better.. I have had a foot issue since last October and also gained a few extra pounds.. I'm hoping it will resolve in the next months, so I can be fit again..
@billyjohnson91662 жыл бұрын
Dividend paying stocks
@synewparadigm2 жыл бұрын
I find it to have a low return, like under 4% per year.
@amitbasu75162 жыл бұрын
I would not have put my hand there.
@robertgavrich2862 жыл бұрын
Did you say you would discuss specific dollar figures you used if someone requested it in the comments?
@2GoRoam2 жыл бұрын
Hey Robert! I mentioned in the video that we would happily talk through the process of our we calculated the dollar amount that we needed to retire (though I need to think of a way to articulate it in a way that is entertaining). There is so much more for us to share as we get into the nuts of early retirement. Hope that helps. Best wishes Neil & Sarah
@craigakerman10072 жыл бұрын
Excellent video as usual! Neil you crack us up everytime 🤣
@2GoRoam2 жыл бұрын
Hey Craig! Thank you man! When you see next weeks video, that is the one we shot on the morning before we met you guys! All the best to the Akerman clan! Neil & Sarah
@Mmmmmmmiwish2 жыл бұрын
Everyone has their own opinion and I would say that it's not a good time to earn a living from investing your hard earned money.. the next crash is going to be even bigger than 2008. So investing is a big gamble.. good luck
@NettiieB8 ай бұрын
Yes it worries me that it's too risky, and it could be a long wait to wait for the investment to rise again.
@ianwhittaker30412 жыл бұрын
Great video guys, inspiring and motivating us to work towards our fire goal too! Unless it’s too probing, would love to know more about your fire number, how you got there, and where you have it invested to meet your long term fire needs 😀. Also the technical aspects of which pots do you draw down first, ie ISA, SIPP, or cash 💰 Thanks for all your efforts, your doing a brilliant job 👍
@Richard-q12 ай бұрын
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
@Richard-q12 ай бұрын
@@israel-r7 However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments
@BoninBrighton6 ай бұрын
Are you currently looking back ‘in hindsight’ at your old videos from your position now? Quite poignant really. 😢
@Graeberwave2 жыл бұрын
Make sure to vote for folks that are working to UPHOLD social security. Also, f*ck casino capitalism.
@judithgrace98502 жыл бұрын
Pension and savings Move to a safer and less expensive country.
@melhenline84382 жыл бұрын
Another great video! I picked up a copy of "The Simple Path to Wealth" and started reading based on your recommendation. Lots of great information in there (to be honest, we already knew much of it) and I can't wait to have our 27 year old son read it. Neither Richard nor I were raised by financially savvy people so we've had to play catch-up all our lives and learn our lessons the hard way. If we can give him a boost it's well worth it! : )
@2GoRoam2 жыл бұрын
Hey Mel! Thank you for letting us know you are enjoying. That is absolutely wonderful that you have the opportunity to share the book with your 27 year old, it really has the potential to change the course of his life doesn't it. That is so exciting! That is one area where we are sad not to have our own children, not having that person to impart all this onto. Thanks as ever for your support. Best wishes Neil & Sarah
@melhenline84382 жыл бұрын
@@2GoRoam Don't worry - your own kids never listen to you! that's why I have to give him the book. He will listen to a stranger. lol
@2GoRoam2 жыл бұрын
Haha yes we have heard! What could their parents possibly know :-)
@stuartdenham11062 жыл бұрын
Guys, you are in Turkey - so show me a damn turkey!!!
@2GoRoam2 жыл бұрын
Stuart.... do you not think that me talking turkey every week achieves this to some extent?
@stuartdenham11062 жыл бұрын
@@2GoRoam You certainly talk something - not sure it’s turkey though 🦃 🦃 😂😂
@agasque2 жыл бұрын
We were a little afraid you were going to say that the secret is alien abductions or joining a cult in the backwoods of somewhere. Whew! Instead, it was sound advice to set interim goals. Could not agree more! Hope Sarah's foot feels better soon so Neil can get back to his calisthenics :)
@2GoRoam2 жыл бұрын
Hey Ashley! Hmmmm interesting, are you giving us an idea for a future video? Alien abduction.... hmmmm pondering :-) Best wishes Neil & Sarah
@veritas31792 жыл бұрын
Good video and keep up the good exercise. Lol. Thank you
@2GoRoam2 жыл бұрын
Hey Veritas! Thank you so much! We had fun making this one. Best wishes Neil & Sarah
@travellingwithcrowsfeet2 жыл бұрын
What a lovely location to have as a back drop to this important vlog. We enjoyed the humour and practical tips, thank you. And you are right Neil, it has to be Sarah's fault for your fading fitness level 😂🤣😅
@2GoRoam2 жыл бұрын
Hey Shaz & Daz! Sarah is so annoying....
@travellingwithcrowsfeet2 жыл бұрын
@@2GoRoam she's bringing you down for sure. 🤣🤣
@twizzlemizzle68522 жыл бұрын
All very vague and becomes rather wearisome when you continually say we’ll make a video about that or watch the next video!
@johnristheanswer6 ай бұрын
I really enjoy your videos but why talk in " dollars " , when we all know you`re British ?
@2GoRoam6 ай бұрын
Hi John, because... back when we made this video 90% of our viewer were from the US. Crazy but true.
@johnristheanswer6 ай бұрын
@2GoRoam Weird. Thanks for reply. Us Brits appreciate your efforts. :)
@2GoRoam6 ай бұрын
Thanks John.
@joannenardi42342 жыл бұрын
LOL! So funny - it’s all Sarah’s fault!!!😂😂
@2GoRoam2 жыл бұрын
Hey Joanne! Yes it is. She can be so selfish.... thank you for recognising that too :-) Best wishes Neil & Sarah